REF HOLDINGS (01631) released its 2024 annual performance, with a net profit of HKD 5.669 million, a year-on-year decrease of 51.6%.

REF Holdings (01631) announced its annual results for the year ending December 31, 2024, with revenue of HK$106 million, a decrease of 14.3% year-on-year; net profit of HK$5.669 million, a decrease of 51.6% year-on-year; and basic earnings per share of HK$0.221. The decrease in revenue during the period was mainly due to the transformation towards paperless listing, reducing the demand for printed paper documents by Hong Kong listed issuers, as well as the continued sluggish performance of the initial public offering activities in the first three quarters of this year.